Actuarial Analyst

Collinson; Mumbai; On-site; INR 900,000 - 1,200,000; Full time

Job summary

Collinson in Mumbai seeks an actuarial data analyst to support developing, updating and maintaining actuarial data sources with validation checks. You will help identify opportunities to improve data usage and insights for actuarial analysis.

Key duties include contributing to quarterly and year-end reserving, monitoring performance, and producing outputs for sign-off by the Chief Actuary. The role also involves automating data prep and dashboards and handling reinsurer data requests.

Qualifications

• Actuarial modelling exposure or experience desirable.
• Strong written and verbal communication skills.
• Ability to work proactively from concept to delivery.

Responsibilities

• Develop, update and maintain actuarial data sources with validation checks.
• Identify opportunities to improve data use and insights for actuarial analysis.
• Contribute to quarterly and year-end reserving calculations and outputs (SFCR, financial statements).
• Monitor insurance scheme performance with monthly loss ratio analysis.
• Develop and embed processes for robust reserves and earning patterns.
• Produce documented actuarial outputs for sign-off by Chief Actuary and committees.
• Automate data preparation, transformation, reporting and create concise dashboards.
• Assist reinsurers with data requests and respond promptly.
• Maintain professional qualifications and CPD requirements.

Skills

Analytical mindset

Commercial awareness

Communication skills

Autonomous

Education

FIA candidate

Actuarial exams

Job description

Key Responsibilities

• Support team members with developing, updating and maintaining actuarial data sources to ensure the data within remains appropriate, accurate and complete, including carrying out appropriate validation checks.
• Identify opportunities and suggest improvements to make better use of data and produce more insightful actuarial analysis.
• Reserving: Contribute to the quarterly and year-end reserving calculations and production of all required Technical Provisions, QRTs and outputs for financial reporting (eg SFCR, financial statements, etc).
• Contribute to regular performance monitoring of insurance schemes, including monthly loss ratio analysis.
• Contribute to the development and embedding of processes to ensure factor reserves and earning patterns are robust.
• Contribute to the production of documented actuarial outputs for sign-off by the Chief Actuary, any relevant committees, and the external auditors (as required).
• Automate processes relating to data preparation and transformation, data visualisation, reporting, etc and generate concise summary dashboards to share with the business.
• Support with reinsurer requests for data and respond to queries promptly.
• Ensure professional qualifications and any CPD requirements are adequately maintained.

Knowledge, skills and experience required

• Studying towards Fellowship of the Institute of Actuaries (FIA) or equivalent actuarial exams.
• 1+ years non-life insurance modelling experience.
• An analytical mindset, commercial awareness and strong written and verbal communication skills.
• An ability to work proactively and autonomously to take ideas from proof of concept through to delivery.